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CSX CEO says U.S. economy seems to be bottoming out

(Reuters circulated the following on July 16, 2009.) CHICAGO — The worst of the U.S. recession appears to be over but it is uncertain how long it will take the economy to recover, the head of the No. 3 U.S. railroad said on Tuesday. “We think the economy is...

CSX profit beats estimates after cutting expenses

(Bloomberg News circulated the following story by Craig Trudell on July 13, 2009.) NEW YORK — CSX Corp., the third-largest U.S. railroad, posted quarterly profit that beat analysts’ estimates after cutting spending on fuel, supplies and labor. Profit for the second...

Florida has new plan to buy CSX line in Orlando

(The following story by Joe Follick appeared on the Lakeland Ledger website on July 14, 2009.) TALLAHASSEE, Fla. — In the latest twist to the controversial plan to bring commuter rail to the Orlando area, state officials are seeking $432 million from the federal...

CSX says double-digit volume drop to continue in 3Q

(Dow Jones circulated the following story on July 14, 2009.) JACKSONVILLE, Fla. — CSX Corp. (CSX) said railroad freight volume likely will slide by a double- digit percentage rate in the third quarter, albeit not quite as steeply as the second quarter’s 21%...

CSX results off 20%, but beat forecasts

(The Associated Press circulated the following on July 13, 2009.) JACKSONVILLE, Fla. — The railroad operator CSX said Monday that second-quarter earnings fell 20 percent as it collected fewer fuel surcharges and shipments continued to drop. The results still topped...

CSX announces second quarter results

(CSX issued the following on July 13, 2009.) JACKSONVILLE, Fla. — CSX Corporation [NYSE: CSX] today announced second quarter earnings of $308 million, or 78 cents a share, versus $385 million, or 93 cents a share, last year. Excluding the impact of discontinued...

CSX police conduct ‘Trespass Blitz’

(The following story by Arthur E. Foulkes appeared on The Tribune-Star website on July 9, 2009.) TERRE HAUTE, Ind. — Flashing red and blue lights on the large white police SUV made it clear someone was in trouble. Two men were discovered Wednesday on property owned by...

17 CSX coal cars derail near Atlanta, Ga.

(The following story by Marcus K. Garner appeared on The Atlanta Journal-Constitution website on July 1, 2009.) ATLANTA, Ga. — A freight train derailed in Union City Wednesday afternoon, spilling its load of coal along a long swatch of track, authorities said. About...

CSX cautious on electrification

(The following story by John D. Boyd appeared on The Journal of Commerce website on July 1, 2009.) WASHINGTON, D.C. — In counting up railroads that are spending time on the possibilities of electrified freight train operations, don’t include CSX Transportation....